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gstr 3b adjustment
in previous financial year gstr 3b i have under/over reported gst tax can i adjust them in current year's gstr 3b..if so is there any need to pay interest if the amount is adjusted with credit balance.if interest is to be paid how much percent amd how to calculate it???
Replies (8)
Yes... You can adjust CY gstr 3b.
And payable interest.
But,
How to we understand the Under/Over ....???!!!!!
there is a difference of tax when i am comparing them with gstr 3b and books of account...interest rate and how do we calculate that??
Bro.,
I / We (CCI participants) can't understand without clarity of Your query...
If You are availed excess ITC then Pay interest @ 24% from the availed month...
If you are not showing some outward supplies related taxes then Pay interest @ 18% from the invoiced months...
I / We (CCI participants) can't understand without clarity of Your query...
If You are availed excess ITC then Pay interest @ 24% from the availed month...
If you are not showing some outward supplies related taxes then Pay interest @ 18% from the invoiced months...
ok sir
You are most welcome...
sir, i have another query. in dec gstr 3b i entered the sales taxable value as 54,37,155.00/- but the actual value is 5,43,715.50. i filled gstr 1 with the cortect amount.the outpt tax is entered correctly for 543715.50/-. sir, can you suggest any remedy for this???
try to reset or re-enter values...
i have filed the return
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